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Technology Stocks : Tower Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: DD™ who wrote (566)	12/9/1997 12:04:00 PM
From: John Spaid	Respond to of 1853

National's business is strong. Very good news for Tower. See below. From today's NSM earnings announcement: "Second quarter core National bookings maintained the strong summer quarter orders rates. After a seasonal dip in September, orders recovered in October and continued to accelerate through November. Worldwide orders grew 8 percent over last year's second quarter. Strong unit demand allowed LAN orders to lead the company in growth compared with the first quarter of fiscal 1998, while matching last year's second quarter record bookings. Audio and video products also grew significantly due to new design-ins into monitors, portable personal computers and telephone handsets. As the company transitioned to the post-Christmas selling season toward the end of the quarter, personal systems bookings slowed compared with the first quarter, but still grew at more than twice the company rate when compared with last year's second quarter, due to new Super I/O products targeted at lower priced personal computers. Wireless orders dipped from the summer quarter as National reduced unusually long lead times on unique frequency synthesizer products but still grew more than 50 percent over last year. Power management products in particular significantly exceeded company growth totals."